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Unsecured notes issued by companies and maturing within nine months. Typically, commercial paper is issued only by the larger and more credit worthy companies
A checking or similar account from which transfers can be made to third parties. Demand deposit accounts, negotiable order of withdrawal (NOW) accounts, automatic transfer service (ATS) accounts, and credit union share draft accounts are examples of transaction accounts at banks and other depository institutions.
The possibility that a bond owner will receive his or her principal investment back from the issuer prior to the bond’s maturity date.
Tax-free, or tax-exempt, money funds offer investors the advantage of earning income that is exempt from federal and, in some cases, state taxes. For those investors in higher tax brackets, the after-tax advantage of these funds can be quite significant. Tax-free funds invest in short-term obligations of tax-exempt entities, such as state and municipal authorities.
Standard individual retirement accounts held in deposit accounts at an insured bank have increased FDIC insurance of $250,000.00. These include IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs and self directed Keoghs. FDIC insured bank accounts for IRAs can be good investment options to maintain diversification and insure principal protection.
There is no question that you need short term savings. The next logical question is exactly how much you need to have in your short-term savings accounts. The answer varies by the individual.
Your Age and Family Situation
Your age and family is a large factor in your savings plan. Young, single individuals
Bank lending rates and bank savings rates moved marginally lower this past week. The range that interest rates moved was once again very tight. While the trading range for bank rates was quite narrow, the direction of rates was decidedly lower. All interest rate categories measured in the Selectcdrates.com weekly bank rate survey turned down
There are strategies to control the impact inflation has on your investments. Be mindful of the rate of inflation as it relates to the rate you receive on your investments. The real rate of return is true measure of your investment performance.
The prime rate is becnchmark rate set by private banks. This is not a government set rate nor does government intervention have anything to do with it. The prime rate was generally considered the rate banks offered their best customers. Though it is still used as a benchmark rate for many loans
Bank rates were a mixed bag for the week ending October 7, 2011. Short term rates continued their trek lower while midterm and long term rates shot up higher. The first full week of the second quarter started out the same way the first quarter ended with lower bank rates and rising bond prices however,
Switching bank accounts is common event. Perhaps you are moving, making financial changes such as a new job or investments, or just unhappy with your current bank. Once you find out what kind of account you would like to set-up, do your research. If you’re looking for a high CD rate, then
Gross domestic product is the measure of the total dollar value of all goods and services produced over a specific time period. GDP is measured in absolute dollar values and is expressed as a comparison to the previous quarter or year. Taken as a whole, economic production has a large impact on
Mortgage rates and CD interest rates moved lower for the week ending April 6, 2012. Mortgage rates were substantially lower while CD rates and even savings account rates were off just slightly for the week.
Rates have moved significantly higher since mid March as expectations have risen over a gradual and sustainable rise in employment and
Find and review information on the best mortgage lenders in Tennessee. The mortgage lenders are listed by asset size. Use the bank mortgage lender contact information to find current mortgage rates and loan terms from the top bank mortgage lenders offering home loans in TN. Mortgage loans available include conventional fixed rate mortgage, adjustable rate
Money market funds or money market mutual fund is a mutual fund not insured by the FDIC. Money market mutual funds are regulated by the Securities and Exchange Commission’s under the Investment Company Act of 1940. Money market mutual funds are category of mutual funds that invest in the money market or
West End Bank has the best one year CD rate in Indiana. Quite frankly the term on the CD is only 10 months, but that’s close enough to a one year CD for placement in the one year term CD category. The interest rate is on this certificate of deposit is 4.00% APY. The minimum
Generally, a traditional IRA owner must begin taking money out of the account by April 1 of the year after he or she turns 70 1/2. The amount is a minimum distribution determined by the account holder’s age and life expectancy. The IRS has established simplified tables that a traditional IRA owner can
If a person does not have overdraft protection, each time a check is bounced, they must pay an NSF (Nonsufficient Funds Fee). This is usually $35 per check, an amount that can significantly add up if the bouncing is done numerous amounts of times. And this happens whether the check bounced is $1,000
The complete repayment of a loan, including principal, interest, and any other amounts due. Payoff occurs either over the full term of the loan or through prepayments.
In a roller coaster investment climate it is wise to review your short term savings accounts and options. There are a wide variety of short-term savings vehicles available. As the financial market rides up and down, many financial institutions become more aggressive on the interest rates they offer to attract more depositors. Assess each alternative based on